How the mechanisms of Capitalism encourages one to buy up resources they did nothing to create, and profit off of the labor of others while contributing nothing to improve our society.
So, a landlord that purchased land, had a home built and maintains said home, while paying insurance and the mortgage on the property isn’t improving our society by providing housing to those who don’t have the means to do all of this?
Yes. The only reason they are able to do that is because they have money. They arent building homes though, they are buying up existing starter homes and renting them at twice the mortgage rate and building a portfolio of houses they rent, taking thoze homes out of the market for potential homebuyers indefinitely. Literally being leeches and freeloaders off of the labor and wages of folks they priced out of home ownership, by making it harder to buy a home.
If you think the majority of landlords built homes with the kindly intention to rent them I have a bridge to sell you. Most independent landlords are renting out old, half decrepit houses they bought on auction and “refurbished” (poorly, with substandard materials and usually by themselves, not using skilled contractors), and many landlord companies are owned by non-native entities that siphon money from our economy to their own countries while jacking up rents and keeping the working class as poor as possible.
Landlords sell access to an apartment or house temporarily during a specific time at inflated prices. Ticket scalpers sell access to an event venue or stadium temporarily at a specific time at inflated prices.
For the analogy to work there’d have to be some prior market of housing that landlords buy up the second the market opens, and then “resell” (nevermind that renting is more than “access to housing”). That’s not really how it works though.
I’m not saying all landlords do so but what you described happens quite often. Landlords buy a property when they already have a place to live in and then rent out said property to someone who has none. And now said someone can’t own a property because there’s none on the market as all are bought out so all what is left to do for those people is to rent.
It’s an oversimplification of course and there’s a lot of nuance to it but the general message still stands - if a person with a house buys another house to rent it out then one less house remains to be bought for people with no house.
The housing market for rental properties doesn’t just exist. It is is explicitly financed by the profit motive of renting, e.g. as real estate securities for the well-off upper middle class, or more likely, huge real etate companies. Now maybe there are some parts of the world where building companies just throw up houses and landlords scalp them off (suburbs in Australia I think) but I don’t think that’s the case in general.
And to add on the “the second the market opens” part - landlords can buy houses even before they are fully built and liveable which is not really an option for a person with no house because such an investment leaves you with no place to live and no money (mostly).
Eh… what do you think happens when you buy your first house while living in an apartment? Over here anyway you can’t just up and leave, you’ve got a contract to rent the apartment until a certain date and the house you want might not be available on that specific date… I was paying both my condo and my apartment for four months when I first bought…
Because id rather own something than rent something…
What do you own when you buy tickets from a scalper? Unless used for the specific event, it’s just a piece of paper. And once the specific event is over, it becomes worth less than a piece of paper. The event itself is over within hours.
Its ok, its not your faulth that your material conditions allowed this meme to go over your head like a jet liner. Thanks for your engagement tho! It really helped explain the context of the meme, if critical thinking waz easy everyone would do it. Lol
I’m sure one day a capitalist will come across this board and will be really hurt by all the activism and praxis in your idiotic posts. Keep fighting on brotha ✊
What don’t you understand?
How the mechanisms of Capitalism encourages one to buy up resources they did nothing to create, and profit off of the labor of others while contributing nothing to improve our society.
So, a landlord that purchased land, had a home built and maintains said home, while paying insurance and the mortgage on the property isn’t improving our society by providing housing to those who don’t have the means to do all of this?
Yes. The only reason they are able to do that is because they have money. They arent building homes though, they are buying up existing starter homes and renting them at twice the mortgage rate and building a portfolio of houses they rent, taking thoze homes out of the market for potential homebuyers indefinitely. Literally being leeches and freeloaders off of the labor and wages of folks they priced out of home ownership, by making it harder to buy a home.
Lolololol
If you think the majority of landlords built homes with the kindly intention to rent them I have a bridge to sell you. Most independent landlords are renting out old, half decrepit houses they bought on auction and “refurbished” (poorly, with substandard materials and usually by themselves, not using skilled contractors), and many landlord companies are owned by non-native entities that siphon money from our economy to their own countries while jacking up rents and keeping the working class as poor as possible.
He’s landlord or an aspiring landlord.
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
Well for once scalpers sell tickets, and landlords rent out housing.
Landlords sell access to an apartment or house temporarily during a specific time at inflated prices. Ticket scalpers sell access to an event venue or stadium temporarily at a specific time at inflated prices.
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For the analogy to work there’d have to be some prior market of housing that landlords buy up the second the market opens, and then “resell” (nevermind that renting is more than “access to housing”). That’s not really how it works though.
Lmao do you live under a rock?
I’m not saying all landlords do so but what you described happens quite often. Landlords buy a property when they already have a place to live in and then rent out said property to someone who has none. And now said someone can’t own a property because there’s none on the market as all are bought out so all what is left to do for those people is to rent. It’s an oversimplification of course and there’s a lot of nuance to it but the general message still stands - if a person with a house buys another house to rent it out then one less house remains to be bought for people with no house.
And there are investment groups with billions of dollars buying tens of thousands of homes, competing with other investment groups.
The housing market for rental properties doesn’t just exist. It is is explicitly financed by the profit motive of renting, e.g. as real estate securities for the well-off upper middle class, or more likely, huge real etate companies. Now maybe there are some parts of the world where building companies just throw up houses and landlords scalp them off (suburbs in Australia I think) but I don’t think that’s the case in general.
The “housing market” shouldn’t exist thats the point that is going over your head like an airplane. Lmao.
Sorry you’re too daft to even engage in this conversation.
Bahaha okie cope harder 🤡
And to add on the “the second the market opens” part - landlords can buy houses even before they are fully built and liveable which is not really an option for a person with no house because such an investment leaves you with no place to live and no money (mostly).
Eh… what do you think happens when you buy your first house while living in an apartment? Over here anyway you can’t just up and leave, you’ve got a contract to rent the apartment until a certain date and the house you want might not be available on that specific date… I was paying both my condo and my apartment for four months when I first bought…
Soo ticket scalpers are better than landlords is what youre saying? Because id rather own something than rent something…
Housing is a need. Tickets are a want. Both are scalpers.
What do you own when you buy tickets from a scalper? Unless used for the specific event, it’s just a piece of paper. And once the specific event is over, it becomes worth less than a piece of paper. The event itself is over within hours.
So its the same. You have to pay again and again to use it. But housing is a basic need.
I’m saying they’re not the same thing.
They are both parasitic, thats the point of the meme r/whoosh
Don’t woosh me just because your meme is retarded.
Its ok, its not your faulth that your material conditions allowed this meme to go over your head like a jet liner. Thanks for your engagement tho! It really helped explain the context of the meme, if critical thinking waz easy everyone would do it. Lol
Whoosh
I’m sure one day a capitalist will come across this board and will be really hurt by all the activism and praxis in your idiotic posts. Keep fighting on brotha ✊
Don’t worry I’ll keep posting, and you will continue to be wholly incapable of logically refuting the point of my posts. 🤡
Imagine getting so tilted by a meme that you drop a slur
He’s a landlord who scalps things for extra income, he has to bravely defend his image
That explains it! I had figured something was off about him the way he was losing his shit at OP